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Codere Online Luxembourg (NASDAQ:CDRO) is set to give its latest quarterly earnings report on Thursday, 2023-08-31. Here's what investors need to know before the announcement.
Analysts estimate that Codere Online Luxembourg will report an earnings per share (EPS) of $-0.17.
Codere Online Luxembourg bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Codere Online Luxembourg's past performance and the resulting price change:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.12 | |||
| EPS Actual | -0.39 | -0.19 | ||
| Price Change % | -1.55% | -12.46% | -5.67% | 1.69% |
Shares of Codere Online Luxembourg were trading at $3.18 as of August 28. Over the last 52-week period, shares are up 7.8%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: CDRO
